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Discussion and Debate
Discussion and Debate
Politics
American Politics
Some Americans will get their student loans canceled in February as Biden accelerates his new plan
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<blockquote data-quote="Green Sun" data-source="post: 77522901" data-attributes="member: 378280"><p>I went back to pull the numbers, just to fully demonstrate how huge a "normal" sized loan gets nowdays.</p><p></p><p>Across my 9 semesters of my degree, my total loans, consisting of Direct Subsidized, Direct Unsubsidized, PLUS, and Private Student Loans, totaled at $101,380.</p><p></p><p>I did get the benefit of having the PLUS loans forgiven, however. This was due to my father's death during my time at college, the PLUS loans were signed to him, which removed $24,024 from my debt. Obviously, I much rather wish that didn't happen.</p><p></p><p>In total though? My aid was the Perkins Grant, and one year where after saving up money from a required co-op for my degree, I put in the entire rest of my savings to avoid needing to take out a private loan.</p><p></p><p>There's people who left college with far, far more than the $77,332 I ended up leaving with, harder workers, too, and they didn't get as lucky as I did after college. I have several friends and family members who have struggled with employment, due to graduating college right at the start of the pandemic, where no one would hiring, regardless of their field. That freeze being the only reason they managed to stay above the water.</p></blockquote><p></p>
[QUOTE="Green Sun, post: 77522901, member: 378280"] I went back to pull the numbers, just to fully demonstrate how huge a "normal" sized loan gets nowdays. Across my 9 semesters of my degree, my total loans, consisting of Direct Subsidized, Direct Unsubsidized, PLUS, and Private Student Loans, totaled at $101,380. I did get the benefit of having the PLUS loans forgiven, however. This was due to my father's death during my time at college, the PLUS loans were signed to him, which removed $24,024 from my debt. Obviously, I much rather wish that didn't happen. In total though? My aid was the Perkins Grant, and one year where after saving up money from a required co-op for my degree, I put in the entire rest of my savings to avoid needing to take out a private loan. There's people who left college with far, far more than the $77,332 I ended up leaving with, harder workers, too, and they didn't get as lucky as I did after college. I have several friends and family members who have struggled with employment, due to graduating college right at the start of the pandemic, where no one would hiring, regardless of their field. That freeze being the only reason they managed to stay above the water. [/QUOTE]
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Some Americans will get their student loans canceled in February as Biden accelerates his new plan
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